Higher lows are being made on USDJPY. DXY (dollar index) has been regaining strength after losing strength for several months now. I do believe temporarily DXY will reverse temporarily until certain key levels are broken to fully confirm the trend reversal. Key level(monthly support) 106.00 is holding strong and unless broken i do believe it will hold and we will hit at least ~108.5 resistance.
Risk/Reward:
1:~2.7
Risk/Reward:
1:~2.7